ASX-listed shares of Euro Manganese (ASX:EMN) surged up 16% to A$0.145, marking their best day since May 16, subject to the hold of the gains.

The Canada-based battery materials company announced its Chvaletice Manganese Project in the Czech Republic will receive support under the inter-governmental Minerals Security Partnership (MSP).

Approximately 655,673 of the company’s shares changed hands, contrasted with the 30-day average volume of 207,279.

Despite the positive news, the stock’s position remains ~65% lower year-to-date as of the last close.

Euro Manganese is a Canada-based company that specializes in producing battery materials.